SOURCE: BAKER HUGHES RIG COUNT EXCEPT IRAN-OPEC ESTIMATES. OIL/GAS BREAKDOWN EXCLUDES RIGS CLASSIFIED AS 'MISCELLANEOUS'. *'WORLD' EXCLUDES ONSHORE CHINA AND FORMER SOVIET UNION (EXCEPT SAKHALIN).

 

GCC DRILLING REBOUNDS IN MAY AFTER SLOW START TO 2016, AS US RIG COUNT MAY FINALLY HAVE BOTTOMED